📋 Tender Overview
Project ID: P170868
Region: Europe and central asia
Commitment Amount: US$ 62.50 million
Total Project Cost: US$ 125.00 million
Closing Date: December 31, 2026
The proposed Program is closely aligned with the World Bank Group (WBG)’s twin goals of reducing poverty and promoting shared prosperity and with the Serbia Country Partnership Framework (CPF) for the period ending 2021, as well as the priorities outlined in the Systematic Country Diagnostics (SCD). The proposed Program is closely linked to three CPF objectives. Improvement of important railway links and improved safety on the network are directly aligned to CPF objective 2d enhancement of infrastructure networks. Improved performance will also likely support more sustainable public expenditure management (CPF Objective 1a) and improve operation of railway State Owned Enterprises (SOEs) (CPF Objective 1d). Infrastructure is one of the six priority areas identified in the CPF for fiscal years (FY) 2016 - 2020. Better regional connectivity through infrastructure development is essential to boost investment and growth in Serbia. The WBG has been heavily engaged in infrastructure development, through the reform of the railway sector, investment support to highway and national road construction, and improvements in road and rail sector management systems. The CPF notes that improved efficiency in spending and operation of SOEs, better quality maintenance of infrastructure, and improved prioritization of public investments need to be pursued. Furthermore, the CPF calls for engagement in infrastructure development in close coordination and cooperation with other international organizations. The Program would contribute towards enhancing the quality of infrastructure for improved in-country and regional integration and accelerated economic growth, boosting employment and improving the business environment in the region. Connectivity is a critical driver of competitiveness and a key element in support of export-oriented development.
